Once again, down 10 pt - buy!
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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OK, we've got a "classic" run-up to the Median Pivot Point, where price is meeting resistance, will look to get short in the downtrend soon.
Good trading
Good trading
Constructive criticism, as usual.
Sure, about 300 points. Very nice at face value, but 2 problems, well 3:
1. How long did it take to achive that? If it takes too long, that takes away from the value of it.
2. Since you underleverage, that meant only 3% for your account. Again, why bother when the banks can pay you that much?
3. How many points did you leave on the table? In the last 3 trades you left MOST of it on the table...I know, timing is hard, but you do have a few talents here posting, use them to your advantage!
I called a bit early for the top around 1007, but that would have been still 25 points better exit for you.
If I were you that's how I would increase my return, simplify my trading:
1. Use more leverage, with tighter stops. Since you ARE good at it, why underleverage? Even if you used 5 times more leverage, it still would be considered pretty damn safe, but your return would be similar to a very good hedgefund.
2. Since you are using an index, why trade other instruments (in a different thread)? You are already diversified, watching other things is just timeconsuming and if you underleverage with them, you are not better off than using decent leverage with the ES.
3. Use the freaking talent here. That is the whole point of having a thread like this.
P.S.: Oh, I almost forgot:
4. To be safe SCALE IN into positions, only when it moves in your direction. You can exit all at once.
Sure, about 300 points. Very nice at face value, but 2 problems, well 3:
1. How long did it take to achive that? If it takes too long, that takes away from the value of it.
2. Since you underleverage, that meant only 3% for your account. Again, why bother when the banks can pay you that much?
3. How many points did you leave on the table? In the last 3 trades you left MOST of it on the table...I know, timing is hard, but you do have a few talents here posting, use them to your advantage!
I called a bit early for the top around 1007, but that would have been still 25 points better exit for you.
If I were you that's how I would increase my return, simplify my trading:
1. Use more leverage, with tighter stops. Since you ARE good at it, why underleverage? Even if you used 5 times more leverage, it still would be considered pretty damn safe, but your return would be similar to a very good hedgefund.
2. Since you are using an index, why trade other instruments (in a different thread)? You are already diversified, watching other things is just timeconsuming and if you underleverage with them, you are not better off than using decent leverage with the ES.
3. Use the freaking talent here. That is the whole point of having a thread like this.
P.S.: Oh, I almost forgot:
4. To be safe SCALE IN into positions, only when it moves in your direction. You can exit all at once.
Or gap fill, lift off.
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